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Do some products eventually become obsolete?
Posted: Fri Feb 03, 2017 12:48 pm
by aarondmsu
Has anybody found that some products become obsolete because of new product development? For example, does the mobile phone eventually become obsolete (i.e. literally zero consumer demand at any price) because of the development of the smartphone?
Re: Do some products eventually become obsolete?
Posted: Sat Feb 04, 2017 1:24 am
by megapolis
aarondmsu wrote:Has anybody found that some products become obsolete because of new product development? For example, does the mobile phone eventually become obsolete (i.e. literally zero consumer demand at any price) because of the development of the smartphone?
There are three products that become obsolete.
Mobile Phone (with invention of Camera Phone)
Camera Phone (withinvention of Smartphone)
Camera (with invention of Digital Camera)
By the way there is also one product with constantly decreasing demand - Cigarettes. Their demand decreases by 1% per year
Re: Do some products eventually become obsolete?
Posted: Thu Feb 23, 2017 11:32 pm
by Guest
Interesting. Thanks for the info.